Economic Development Administration EDA Programs and Guidelines

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Economic Development Administration (EDA)
Programs and Guidelines
US Department of CommerceEconomic Development
Administration
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Economic Development Administration

• Applying for Investments Key Points

• Open application cycle is highly competitive
• EDA provides grants-based investments to eligible
  applicants that must be a unit of state or local
  government, district organization, Indian tribe,
  college or university, or a non-profit
  organization
• Eligible applicants must meet certain economic
  distress criteria (except Planning and Technical
  Assistance Program)
• Cost sharing or matching is required

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Economic Development AdministrationApplying for
Investments-Key Points continued

• Investments seek to foster higher-skill,
  higher-wage jobs and private capital investment
  in areas of severe economic distress
• Public facilities such as schools, hospitals and
  other government buildings are not eligible
  projects
• Projects range from small, upfront planning
  efforts to multi-million dollar infrastructure
  improvements
• Proposals must be based on a locally developed
  Comprehensive Economic Development Strategy
  (CEDS)

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Economic Development Administration (EDA)

• Funding priorities will be given to investment
  proposals that support
• Long-term, collaborative regional economic
  development approaches
• Innovation and competitiveness
• Encourage entrepreneurship
• Strategies and investments that connect regional
  economies with the global marketplace

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Economic Development Administration

• Investment Guidelines Investment proposals are
  competitively evaluated on the extent to which
  they
• Are market-based and results driven
• Have strong organizational leadership
• Advance productivity, innovation and
  entrepreneurship
• Look beyond the immediate economic horizon
• Demonstrate a high degree of commitment (i.e.,
  additional public/private support)

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Economic Development Administration

• Investments Types
• Public Works
• Supports the construction, expansion or upgrade
  of public infrastructure and facilities
• Economic Adjustment
• Assists in the design and/or implementation of
  strategies (e.g., strategy development,
  infrastructure construction, revolving loan fund
  capitalization) to assist communities or regions
  that have experienced or are under the threat of
  serious damage to the underlying economic base

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Economic Development Administration

• Investments Types
• Research and National Technical Assistance
• Supports research of leading edge economic
  development practices as well as information
  dissemination efforts to national audiences
• Local Technical Assistance
• Focused assistance provided to public and
  nonprofit leaders to help in economic development
  decision making (e.g., project planning, impact
  analyses, feasibility studies) -- also includes
  the University Center Program, which makes the
  resources of universities available to the
  economic development community

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Economic Development Administration

• Investments Types
• Partnership Planning
• Assists local and regional organizations
  (Economic Development Districts, Indian Tribes,
  and other eligible areas) with their short and
  long-term planning efforts
• Trade Adjustment Assistance
• Supports a national network of eleven Trade
  Adjustment Assistance Centers to help communities
  and regions affected by increased imports prepare
  and implement strategies to guide their economic
  recovery

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For more information contactMark
WerthmannEconomic Development RepresentativeU.S.
Department of CommerceEconomic Development
AdministrationCharles Evan Whittaker Courthouse
400 E. 9th Street, Suite 9353Kansas City, MO
64106(816) 471-2623 office(816) 471-7867
faxmwerthmann_at_eda.doc.gov
www.eda.gov